Programme

Specific topics covered during the course:
INTRODUCTION
The stakeholders and the company’s disclosure (financial statements and non financial information,
TYPES OF RISKS, GOVERNANCE & RISK, RISK MANAGEMENT
risk definition,
governance & risk: the new code of Governance.
the supervisory role of the risk Committee
The different kinds of risk
Strategic risks, operational risks, financial risks, credit risks, liquidity risks
Financial and Non-financial risks
Insurance risk and other risks,
Approaches, methods and techniques used to manage risk,
The basic processes of Risk Management
ERM (Enterprise Risk Management) and COSO model
CRSA (Control and Risk Self Assessment)

RISKS ANALYSIS BY NON-FINANCIAL INORMATION
CSR and sustainaibility disclosure
environmental, social and governance (ESG) information
Non-financial statement: scope, content and publication European Commission Action Plan
Non-financial key performance indicators and main standards
European Commission Action Plan
Specific topics: ITC, cyber security and climate-related information
Management and communication of an event risk: the Covid case

RISKS ANALYSIS BY FINANCIAL INFORMATION
- the Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
- Structure of the Italian accounting systems,
- substance over form,
- fair value,
- presentation of financial statements,
risks disclosure in financial statements: risks reports
- financial risks communication by financial instruments accounting
- definition of financial instruments

Core Documentation

Slides will be available on the website.

Type of delivery of the course

The course takes place in the second semester. Lessons are supposed to be held in person. There will be lectures, exercises, case studies presented by professionals and discussed in the classroom by the teacher with the students.In the event of an extension of the health emergency from COVID-19, all the provisions governing educational activities will be implemented. In particular, the following methods of conducting exams can be applied: remotely via Microsoft Teams platform. It is also advisable to regularly view the institutional information channels prepared by the University to be promptly informed of the emergency measures in force.

Attendance

Attendance of the course is optional. The teacher will provide on the website slides and exercises presented in the classroom. However, attendance allows for dialogic communication, which is useful for deeper and more sedimented understanding and learning.

Type of evaluation

Examination: 1.Presentation of case analysis (how a company communicates in the financial statements a specific kind of risk) This is a voluntary activity reserved only to the students who attend lessons, they have the possibility to improve their final valuation (with up to 3 additional extra points). The extra-points can be added only to the final evaluation. 2. Oral Test

Programme

Specific topics covered during the course:
INTRODUCTION
The stakeholders and the company’s disclosure (financial statements and non financial information,
TYPES OF RISKS, GOVERNANCE & RISK, RISK MANAGEMENT
risk definition,
governance & risk: the new code of Governance.
the supervisory role of the risk Committee
The different kinds of risk
Strategic risks, operational risks, financial risks, credit risks, liquidity risks
Financial and Non-financial risks
Insurance risk and other risks,
Approaches, methods and techniques used to manage risk,
The basic processes of Risk Management
ERM (Enterprise Risk Management) and COSO model
CRSA (Control and Risk Self Assessment)

RISKS ANALYSIS BY NON-FINANCIAL INORMATION
CSR and sustainaibility disclosure
environmental, social and governance (ESG) information
Non-financial statement: scope, content and publication European Commission Action Plan
Non-financial key performance indicators and main standards
European Commission Action Plan
Specific topics: ITC, cyber security and climate-related information
Management and communication of an event risk: the Covid case

RISKS ANALYSIS BY FINANCIAL INFORMATION
- the Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
- Structure of the Italian accounting systems,
- substance over form,
- fair value,
- presentation of financial statements,
risks disclosure in financial statements: risks reports
- financial risks communication by financial instruments accounting
- definition of financial instruments

Core Documentation

Slides will be available on the website.

Type of delivery of the course

The course takes place in the second semester. Lessons are supposed to be held in person. There will be lectures, exercises, case studies presented by professionals and discussed in the classroom by the teacher with the students.In the event of an extension of the health emergency from COVID-19, all the provisions governing educational activities will be implemented. In particular, the following methods of conducting exams can be applied: remotely via Microsoft Teams platform. It is also advisable to regularly view the institutional information channels prepared by the University to be promptly informed of the emergency measures in force.

Attendance

Attendance of the course is optional. The teacher will provide on the website slides and exercises presented in the classroom. However, attendance allows for dialogic communication, which is useful for deeper and more sedimented understanding and learning.

Type of evaluation

Examination: 1.Presentation of case analysis (how a company communicates in the financial statements a specific kind of risk) This is a voluntary activity reserved only to the students who attend lessons, they have the possibility to improve their final valuation (with up to 3 additional extra points). The extra-points can be added only to the final evaluation. 2. Oral Test

Programme

Specific topics covered during the course:
INTRODUCTION
The stakeholders and the company’s disclosure (financial statements and non financial information,
TYPES OF RISKS, GOVERNANCE & RISK, RISK MANAGEMENT
risk definition,
governance & risk: the new code of Governance.
the supervisory role of the risk Committee
The different kinds of risk
Strategic risks, operational risks, financial risks, credit risks, liquidity risks
Financial and Non-financial risks
Insurance risk and other risks,
Approaches, methods and techniques used to manage risk,
The basic processes of Risk Management
ERM (Enterprise Risk Management) and COSO model
CRSA (Control and Risk Self Assessment)

RISKS ANALYSIS BY NON-FINANCIAL INORMATION
CSR and sustainaibility disclosure
environmental, social and governance (ESG) information
Non-financial statement: scope, content and publication European Commission Action Plan
Non-financial key performance indicators and main standards
European Commission Action Plan
Specific topics: ITC, cyber security and climate-related information
Management and communication of an event risk: the Covid case

RISKS ANALYSIS BY FINANCIAL INFORMATION
- the Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
- Structure of the Italian accounting systems,
- substance over form,
- fair value,
- presentation of financial statements,
risks disclosure in financial statements: risks reports
- financial risks communication by financial instruments accounting
- definition of financial instruments

Core Documentation

Slides will be available on the website.

Reference Bibliography

Solomon, J. F., Solomon, A., Norton, S. D., & Joseph, N. L. (2000). A conceptual framework for corporate risk disclosure emerging from the agenda for corporate governance reform. The British Accounting Review, 32(4), 447-478. - CIMA, Introduction to managing risk, Topic Gateway series no. 28, available at https://www.cimaglobal.com/Documents/ImportedDocuments/cid_tg_intro_to_managing_rist.apr07.pdf - Arena, M., Arnaboldi, M., & Azzone, G. (2011). Is enterprise risk management real?. Journal of Risk Research, 14(7), 779-797. Legal/regulatory sources: - NEW CORPORATE GOVERNANCE CODE (JANUARY 2020) available at https://www.borsaitaliana.it/comitato-corporate-governance/codice/2020eng.en.pdf - DIRECTIVE 2014/95/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 22 October 2014 available at https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014L0095 - Guidelines on non-financial reporting: Supplement on reporting climate-related information (2019/C 209/01) available at https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52019XC0620(01)&from=EN

Type of delivery of the course

The course takes place in the second semester. Lessons are supposed to be held in person. There will be lectures, exercises, case studies presented by professionals and discussed in the classroom by the teacher with the students.In the event of an extension of the health emergency from COVID-19, all the provisions governing educational activities will be implemented. In particular, the following methods of conducting exams can be applied: remotely via Microsoft Teams platform. It is also advisable to regularly view the institutional information channels prepared by the University to be promptly informed of the emergency measures in force.

Attendance

Attendance of the course is optional. The teacher will provide on the website slides and exercises presented in the classroom. However, attendance allows for dialogic communication, which is useful for deeper and more sedimented understanding and learning.

Type of evaluation

Examination: 1.Presentation of case analysis (how a company communicates in the financial statements a specific kind of risk) This is a voluntary activity reserved only to the students who attend lessons, they have the possibility to improve their final valuation (with up to 3 additional extra points). The extra-points can be added only to the final evaluation. 2. Oral Test